158
158
Mar 25, 2013
03/13
by
KQED
tv
eye 158
favorite 0
quote 0
and pile on more taxes. it's a recipe for kwlure seeing unfold in sigh pulse are -- for what you're seeing unfold in sigh pulse are. >> politicians have struggled to -- sigh pulse are. >> poll -- cyprus. >> politicians have struggled with that. the united stateses is to move about half of its 100 international staff out of syria because of concerns for their safety. the decision comes after mortar shells fell near their hotel. the most -- most of the distribution work is now carried out by syrian staff themselves. u.s. secretary of state john kerry made an unannounced visit to afghanistan and vowed to stick by president hamid karzai despite mr. karzai's hostility toward the u.s.-led military efforts in the country. earlier this month the afghan president accused the u.s. of can lewding with the taliban -- colluding with the taliban. italy's highest court has put off until tomorrow a verlander on whether or not amanda knox and her former boyfriend should face a fresh trial for the murder of an english student
and pile on more taxes. it's a recipe for kwlure seeing unfold in sigh pulse are -- for what you're seeing unfold in sigh pulse are. >> politicians have struggled to -- sigh pulse are. >> poll -- cyprus. >> politicians have struggled with that. the united stateses is to move about half of its 100 international staff out of syria because of concerns for their safety. the decision comes after mortar shells fell near their hotel. the most -- most of the distribution work is now...
80
80
Mar 20, 2013
03/13
by
KQED
tv
eye 80
favorite 0
quote 0
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
123
123
Mar 25, 2013
03/13
by
KQED
tv
eye 123
favorite 0
quote 0
here is the austerity program of raising taxes and cutting government spending, taking a qualitative new step to help bail out a capitalism that hasn't worked in europe and that has crippled this little country of cyprus. the step taken to try to fix the problem is to literally reach into the private, insured bank accounts of people in the local banks in cyprus and take money out of it to pay for fixing this broken system. for all working people, and not just in europe, here in the united states, too, this should be a wakeup call if you still need one that we're in a situation where the most dire, unexpected, unimaginable steps are being taken to fix a system that keeps resisting being fixed so that we are required now to dip into people's checking accounts and literally take the money away. >> richard, one of our viewers, antonia murrero asks, "student loan debts are overwhelming me and many others. what does professor wolff think would happen to the economy if those debts could be forgiven in personal bankruptcy? is that even possible? >> well, the law in the united states specific
here is the austerity program of raising taxes and cutting government spending, taking a qualitative new step to help bail out a capitalism that hasn't worked in europe and that has crippled this little country of cyprus. the step taken to try to fix the problem is to literally reach into the private, insured bank accounts of people in the local banks in cyprus and take money out of it to pay for fixing this broken system. for all working people, and not just in europe, here in the united...
68
68
Mar 26, 2013
03/13
by
FBC
tv
eye 68
favorite 0
quote 0
tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for joining us. the rainy day funds highs not seen since recession. what do states want to do? spend it, of course. are they settg themselveses up for fiscal disaster? a huge armed air left, but could it fuel a costly disaster ahead? details on that coming up. can you ever ha too much "money"? ♪ san dpra: we told you about the budget crisis states suffer from, well, believe it or not, states' rainy day funds at the highest level since 2008. in fact, reaching more than 41 billion dollars. great news; right? just as states are back on their feet, they are looking to spend the excess cash from tax revenues. isn't this the same thing that crushed states in the recession? are ey setting themselves up for disaster again? joining me is mattie, director and budget regulatory pol
tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for joining us. the rainy day funds highs not seen since recession. what do states want to do? spend it, of course. are they settg themselveses up for fiscal...
67
67
Mar 25, 2013
03/13
by
FBC
tv
eye 67
favorite 0
quote 0
w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not, probably not most of us until last night in what some call the biggest cinderella story in ncaa history. florida gulf coast was the first number 15 seed to reach the sweet 16. odds of winning the ncaa championship are roughly one in about 80 # ,000, well, they definitely got everyone's attention now. how can the university capitalize on a cinderella reputation? joining me now is the marketing guru and executive creative director, bruce. turkell? >> yes, thanks. sandra: guide us along here. nobody knew anything about the university un
w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not, probably not...
59
59
Mar 19, 2013
03/13
by
FBC
tv
eye 59
favorite 0
quote 0
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 million,
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived...
104
104
Mar 24, 2013
03/13
by
FBC
tv
eye 104
favorite 0
quote 0
and the thing that gets me more charged up what they did with taxes and incremental other stuff they've added in. and closed the banks down and we did that in the depression, by the way. they've added a whole bunch of other-- we're already paying, if you don't think we're at the point in the united states where we'll have withholding on capital gains, proposed. it's hittings rightnow. >> brenda: john, what do you think? >> i disagree with kicking the can, but i agree with gary and toby we're fine right now and your money is safe in american banks for now. you can't keep interest rates low for a long time. look what the pain has done, a not of internal savings has something to do with that and we can keep passing the buck on our debt further down the road. eventually we'll have to come to grips with that, but it's going to be a long ways out. >> brenda: really that long, jonas? >> i wouldn't say we're up-- first of all, you probably have some of your money in foreign funds and 401(k)'s, and this is dragging on emerging markets, the russian markets, it's exposed and down a lot relatively
and the thing that gets me more charged up what they did with taxes and incremental other stuff they've added in. and closed the banks down and we did that in the depression, by the way. they've added a whole bunch of other-- we're already paying, if you don't think we're at the point in the united states where we'll have withholding on capital gains, proposed. it's hittings rightnow. >> brenda: john, what do you think? >> i disagree with kicking the can, but i agree with gary and...
45
45
Mar 22, 2013
03/13
by
FBC
tv
eye 45
favorite 0
quote 0
they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the world, not just in europe, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to the currency and leave it in the bank, it is going to lose a lot of value. shibani: right. talk about the united states, and what we did not see today, peter, was a market reaction to this because there's a belief, well, on the one hand, things are going to get resolvedded in cypress. on the other hand, we are the best of the worst markets that are out there. you know, at what point could that turn on us because that -- that scenario can't survive forever. >> well, we're to the close to being the best of the worst. i think weir -- we might be the worst of the worst. it's just that a lot of people have not figured that out yet.
they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the world, not just in europe, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to the currency and leave it in the bank, it is going to lose a lot of value. shibani:...
16
16
tv
eye 16
favorite 0
quote 0
dangerous but some experts say if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there is no mass hunger strike at guantanamo bay and more than one hundred detainees are reportedly starving themselves in protest at mistreatment . what washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion. international using come in live from a studio center here in moscow this is twenty four hours a day the parliament in cyprus has delayed until tuesday a decision on whether to allow and which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan caused panic over the weekend with people emptying a.t.m. machines fearing that life savings could be plundered. reports on the implications . the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this bank tax a bank
dangerous but some experts say if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there is no mass hunger strike at guantanamo bay and more than one hundred detainees are reportedly starving themselves in protest at mistreatment . what washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion. international using come in live from a...
65
65
Mar 24, 2013
03/13
by
CSPAN2
tv
eye 65
favorite 0
quote 0
everybody who pays income taxes, you just increase your deductions so you're not overpaying your taxes. so really the trade-off isn't going to be do i pay this $1,000 fine for a lot of people versus saving $7,000 by not getting the insurance until i have to. it's going to be, essentially, paying zero fine and then going and saving the insurance premium that's there. $7,000 you'd save each year that you're healthy or $20,000 you'd save each year that your family's healthy is a lot of money to save. it's hard to believe that most people would pass up saving $20,000 a year for their family when i'm sure there's lots of other things they could go and spend their money on. but you could only imagine what happens if everybody decides that they want to go and save that 20,000. this program that was being set up as supposedly a way of making sure everybody's going to get insured is going to find very quickly that nobody's going to want to go and have health insurance at that point. and real problems are going to ensue because relatively quickly then, as soon as people realize that, private hea
everybody who pays income taxes, you just increase your deductions so you're not overpaying your taxes. so really the trade-off isn't going to be do i pay this $1,000 fine for a lot of people versus saving $7,000 by not getting the insurance until i have to. it's going to be, essentially, paying zero fine and then going and saving the insurance premium that's there. $7,000 you'd save each year that you're healthy or $20,000 you'd save each year that your family's healthy is a lot of money to...
11
11
tv
eye 11
favorite 0
quote 0
russians using cyprus as a legal tax haven and most importantly can europeans trust their banks any more. do cross talk three for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant in a former senior international economist with citi bank and in washington we cross the shares are grim and she is a professor of international finance and director of the european union research center a george washington university all right crosstalk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect are always a small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares of that very bank and if that's not more how is it i don't know what is so you have to give money to a bank that sixty already kn
russians using cyprus as a legal tax haven and most importantly can europeans trust their banks any more. do cross talk three for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant in a former senior international economist with citi bank and in washington we cross the shares are grim and she is a professor of international finance and director of the european union research center a george washington university all right crosstalk rules in fact that...
44
44
tv
eye 44
favorite 0
quote 1
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are still in danger e.u. and cypriot officials are scrambling to come up with an alternative and i'll turn. scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow these have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include access
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are...
168
168
Mar 19, 2013
03/13
by
CNBC
tv
eye 168
favorite 0
quote 0
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
154
154
Mar 18, 2013
03/13
by
CNBC
tv
eye 154
favorite 0
quote 0
those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unicredit down almost 5%. moving to the french banks, credit agricole and bnp are showing
those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european...
77
77
Mar 22, 2013
03/13
by
CSPAN2
tv
eye 77
favorite 0
quote 0
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we spent $20 billion a year on snap. last year we spent $80 billion. it's gone from $20 billion to $80 billion, four times. and so we identified a categorical eligibility gimmick that was allowing people to get food stamps who did not qualify and should not have received them. and i said, let's close that loophole. and over ten years we were projected to spend $00 billion-d $800 billion on the food stamp program. this would have reduced it by $11 billion. so we would have been spending $789 billion instead of $800 billion. you know what they said
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we...
17
17
tv
eye 17
favorite 0
quote 0
cypriot banks but it's a different matter overwhelmingly the people who are getting burned by this tax on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't do you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think just nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that m
cypriot banks but it's a different matter overwhelmingly the people who are getting burned by this tax on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't do you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're...
80
80
Mar 18, 2013
03/13
by
MSNBCW
tv
eye 80
favorite 0
quote 0
if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of people with their money wrapped up in these cyprus banks. what's the reaction from leaders there? >> this is where it gets really interesting. vladimir putin the president has said it's unfair, it's unprofessional, and it's dangerous precedent. why are the russians so upset? i'll leave the viewers to think about this. russian corporates and russian funds have over 30 billion euros wrapped up in cyprus funds as well. the burgeoning cyprus financial sector has been driven by russian money which one way or the other has found its way from russia into
if you have over 100,000 euros, a 9.9% tax. it's the first time and it's different we've seen depositors directly being penalized for keeping money in the banks and having to take part in any rescue measures. this is being pushed by the jeff mans and brussels as well but a lot of cypriot companies and investors are up in arms about this one. it's a very big change from previous bailouts across europe. >> certainly makes people want to stuff money in their mattress. russia has a lot of...
27
27
tv
eye 27
favorite 0
quote 0
some information about his assets including the fact that he was able to hide huge chunks of money in tax havens across the globe bottom line is that the outrageous levels of wealth inequality in america have been driven in large part by our society's coddling of and the media's willful ignorance towards our nation's all of ours for too long the wealthiest americans like the koch brothers have been able to slip under the radar while robbing us blind the reaganomics era has seen the largest transfer of wealth from working people to the very very rich in the history of the world trillions of dollars tens of trillions of dollars as a loser with warren pointed out a few weeks ago if workers' wages had kept up with productivity in the years since reagan like they did during the generations before reagan the minimum wage today would be over twenty two dollars an hour. it's time to start calling our oligarchy what they are all of rocks and increasingly tax cheats and people who have corrupted both our politicians our media and our american market based economic system when enough americans have
some information about his assets including the fact that he was able to hide huge chunks of money in tax havens across the globe bottom line is that the outrageous levels of wealth inequality in america have been driven in large part by our society's coddling of and the media's willful ignorance towards our nation's all of ours for too long the wealthiest americans like the koch brothers have been able to slip under the radar while robbing us blind the reaganomics era has seen the largest...
65
65
Mar 19, 2013
03/13
by
FBC
tv
eye 65
favorite 0
quote 0
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
267
267
Mar 18, 2013
03/13
by
CNBC
tv
eye 267
favorite 0
quote 0
that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the russians from all this? russian parks goods there. they send them off to iran and syria and other rogue states. money has never been a problem. cyprus has never reported them. why start now? >> they are going to be under a lot of pressure. they'll be under the ecb gun and have to clean up their act. as an absolute spin-off from that, they are going to have to be more transparent. it's going to happen. they can't do that. cyprus is their last vestage of offshore financial centers. they are all signing contracts with the u.s. and uk and germany. the only alternative they have to go all the way
that's much higher than the russian corporate tax and the cyprus corporation tax. what happens then? >> larry, it's a bigger issue than that. because it's all about transparency. if the european central bank gets its hands on records in the republic of cyprus, all these little stories and hidden basic constructs will all become transparent. it's all about uncovering billions of dollars in dirty money. >> how will they do that? what i'm asking is, haven't the banks shielded the...
204
204
Mar 18, 2013
03/13
by
FOXNEWSW
tv
eye 204
favorite 0
quote 1
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't incollusive. we were behind in both data and digital. our primary and debate process needed improvement. >> young voters are increasingly rolling their eyes at what the party represents. >> and many minorities think that republicans don't like them. or don't want them in our country. >> if hispanics think we don't want them, here they will close their ears for policies. >> bret: besides all that, everything is fine in the g.o.p. today, a report out from the head of the g.o.p., the chairman. reince priebus, who said focus group called the party narrow
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't...
104
104
Mar 20, 2013
03/13
by
KCSM
tv
eye 104
favorite 0
quote 0
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means...
22
22
tv
eye 22
favorite 0
quote 0
a can of soup it's thanks in part to the high levels of financial secrecy in the united states the tax justice network's financial security secrecy index highlights places around the world that provide the safest havens for tax refugees otherwise known as millionaires and billionaires who want to escape having to pay their fair share to help their economies they can accumulate massive piles of money and not surprisingly the united states ranks fifth in the two thousand and eleven financial secrecy index behind the traditional tax havens of switzerland the cayman islands luxembourg and hong kong now there was as millions of americans struggle to survive each and every day the wealthiest americans the oligarchy are accumulating vast sums of wealth without anyone saying a word or raising a finger is one of mitt romney. during the campaign in two thousand and twelve there was a huge battle over his disclosure or lack thereof of just how rich he is and in the end while romney did disclose some information about his assets including the fact that he was able to hide huge chunks of money in t
a can of soup it's thanks in part to the high levels of financial secrecy in the united states the tax justice network's financial security secrecy index highlights places around the world that provide the safest havens for tax refugees otherwise known as millionaires and billionaires who want to escape having to pay their fair share to help their economies they can accumulate massive piles of money and not surprisingly the united states ranks fifth in the two thousand and eleven financial...
21
21
tv
eye 21
favorite 0
quote 0
a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we give states as part of the united states of america and as a consequence that loss of economic sovereignty has translated into a loss of political sovereignty for those states and if that's the case along before the e.u. disintegrates. well i think that's the question of the day i think you know if you start talking about the european central bank and its power the european union and its power and germany's dominance of both then i think you're really looking at the potential disintegration of the european union you're also seeing very clearly that while it cla
a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we...
175
175
Mar 18, 2013
03/13
by
CNBC
tv
eye 175
favorite 0
quote 0
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
662
662
Mar 18, 2013
03/13
by
FBC
tv
eye 662
favorite 0
quote 0
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. ♪ liz: time for a quick speed read if some of the day's other headlines. five stories, one minute. president obama nominating thomas preston and the secretary of labor. currently in the civil rights division of the justice department. airbus and indonesia lie in their filing a $24 billion contract. the aircraft maker's biggest deal ever. the remains for 234 planes. the first deliveries scheduled for next year. panasonic reportedly exiting plasma tv production in health care businesses to become more cost-efficient. the
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible....
161
161
Mar 25, 2013
03/13
by
FOXNEWSW
tv
eye 161
favorite 0
quote 0
did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation. government spending went up from $882 billion spent every year in 1980s to $1.48 trillion in the 1990s. $2.24 trillion a year and the first decade of the 21st century. mast ited that government will have spent almost as much in the first four years as a new decade as in the 1990s. >> in the past there bar crisis like world war ii or the korean war, nondefense spending was cut by 20 to 30%. >> that didn't happen after 9/11 or after the financial crisis. >> nothing
did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none...
77
77
Mar 21, 2013
03/13
by
CSPAN2
tv
eye 77
favorite 0
quote 0
and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona congressional e and a very smart man and a decent individual -- and so we were talking about the growth in spending in taxes and the tax increases have just owe cud and that sort of thing. and this is the story: if you're -- if you -- if your tax -- if you raise -- i asked him this: if we raise enough taxes to balance the budget today and if the economy is growing at 2% and -- would the taxes grow at about 2% a year? and he said, yes. they worked hard to figure out what kind of tax reform growth it is, but taxes basi
and it raises taxes. now we'll submit a document for the record that we think shows we've got $1.5 trillion in tax increases in this bill, but whether it is $1.5 trillion or $1 trillion, the deal is spending goes up. and there's virtually no alteration in the debt course of america over the next ten years. so why is it that it's a spending problem? let me explain. it actually came to me more clearly during a hearing recently where mr. elmendorf, who is the director of c.b.o., the congressiona...
59
59
Mar 26, 2013
03/13
by
FBC
tv
eye 59
favorite 0
quote 0
they increase taxes and cut back on services. people are paying more in taxes for less out of the government. they renegotiated contracts with the unions of the they have cut retiree health care costs. they have cut pension costs for new employees. stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the pension fund and calpers. i'm not sure that is fair. melissa: stockton's city manager says calpers has first dib on the money they have, because, quote, if word got out that we were pursuing a different retirement plan, i run the risk of a mass exodus of my employees. seriously? i mean that is what he is concerned about? all of employers would leave? you say they're trying to cut costs and cut services. maybe employees leaving would be a big help. >> they still have double-digit unemployment. still going down. and still a good job for somebod
they increase taxes and cut back on services. people are paying more in taxes for less out of the government. they renegotiated contracts with the unions of the they have cut retiree health care costs. they have cut pension costs for new employees. stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the...
86
86
Mar 18, 2013
03/13
by
CNBC
tv
eye 86
favorite 0
quote 0
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> i want to show you what is happening with the markets because as we stand the dow is up by three points. remember at the beginning of trading this morning on all the cyprus fears that was down by 109 points. i'm going to do a shoutout to br
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot...
26
26
tv
eye 26
favorite 0
quote 0
why should the members of parliament tax the average guy in cyprus to bail out the rich banks course they shouldn't be doing it they should follow the path of iceland let them go under too much all of europe like all of america's a bangkok recy everything is being run for the banks this is all about bailing out the banks it's not about bailing out cyprus not about bailing out greece or italy or spain it's the banks the banks that went bananas during the during the federal reserve and bank of england an e.c.v. generated boom of two thousand and seven two thousand and eight and so forth they got into bad trouble they have to pay for the mistakes they made and certainly nobody in cyprus should be taxed to pay back the bonds they never agreed average guys never agreed to pay those bonds they should repudiate the bonds start afresh and no longer rip off the average guy for the benefit of the rich bankers. now if the bailout deal is not ready by the monday deadline the european central bank will cut off the emergency funding to cyprus and it'll leave the small island economy in a state of
why should the members of parliament tax the average guy in cyprus to bail out the rich banks course they shouldn't be doing it they should follow the path of iceland let them go under too much all of europe like all of america's a bangkok recy everything is being run for the banks this is all about bailing out the banks it's not about bailing out cyprus not about bailing out greece or italy or spain it's the banks the banks that went bananas during the during the federal reserve and bank of...